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re: Is a car purchased from a used car lot lower when paid for by cash rather than financed?
Posted on 5/4/24 at 5:12 pm to dkreller
Posted on 5/4/24 at 5:12 pm to dkreller
quote:
How is the buyer involved in a dealership’s accounting practices?
Because the purchase price has to be recorded and provided to the state so they know how much to charge the purchaser for the taxes. Basically they would be cheating on their taxes and your taxes.
This post was edited on 5/4/24 at 5:14 pm
1
Posted on 5/4/24 at 5:14 pm to BigBinBR
I’m not necessarily referring to a “write a check” cash purchase.
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